Windward Capital Management Co. CA lowered its position in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,425 shares of the company’s stock after selling 210 shares during the quarter. Windward Capital Management Co. CA’s holdings in Kimberly-Clark were worth $3,070,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of KMB. Wesbanco Bank Inc. boosted its stake in Kimberly-Clark by 0.9% during the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after buying an additional 71 shares in the last quarter. My Legacy Advisors LLC lifted its holdings in shares of Kimberly-Clark by 4.6% during the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after acquiring an additional 76 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of Kimberly-Clark by 1.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after acquiring an additional 77 shares in the last quarter. Graypoint LLC increased its stake in Kimberly-Clark by 1.5% in the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock valued at $756,000 after acquiring an additional 78 shares during the period. Finally, Truvestments Capital LLC raised its position in Kimberly-Clark by 2.7% in the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.
Kimberly-Clark Stock Performance
Shares of KMB stock opened at $129.29 on Wednesday. The company has a market capitalization of $43.11 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 4.16 and a beta of 0.41. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The company’s 50 day moving average price is $131.03 and its two-hundred day moving average price is $137.06. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.
Kimberly-Clark Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.90%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is 64.64%.
Insider Activity
In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.62% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on KMB shares. StockNews.com lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Barclays cut their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Finally, TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $143.64.
Read Our Latest Stock Analysis on Kimberly-Clark
Kimberly-Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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